3 months have elapsed following my purchase conveyancing in Marsden completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey carried out on a house in Marsden ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks tend refuse to issue a loan on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Marsden. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to switch solicitor as I need to select a firm on the Lloyds TSB Bank conveyancing list. I instructed a family conveyancing solicitor in Marsden round the corner but the firm is not approved by Lloyds TSB Bank
It would be our pleasure to assist you find a conveyancing solicitor in Marsden on the Lloyds TSB Bank panel. Please note that the law firms that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Marsden. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Marsden.
We're FTB’s - had an offer accepted, yet the property agent has warned us that the seller will only issue a contract if we use the agent's preferred solicitors as they are insisting on an ‘expedited deal’. We would rather use a family solicitor accustomed to conveyancing in Marsden
We suspect that the owner is unaware of this ultimatum. If they require ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Try to communicate with the sellers directly and make sure they comprehend that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you will continue to appoint your preferred Marsden conveyancing firm - rather thanthe ones that will give the negotiator at the agency a kickback or meet his conveyancing thresholds set by senior management.
Last September I purchased a leasehold house in Marsden. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Marsden Conveyancing for Leasehold Flats - Examples of Queries before buying
-
The prefered form of lease arrangement is a share of the freehold. In this scenario the leaseholders have being in charge if their destiny and although a managing agent is usually employed where it is larger than a house conversion, the managing agent is directed by the tenants. Be sure to investigate if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Marsden. If you love the flatin Marsden however your cat is not allowed to make the move with you then you will be faced difficult determination. How many of the leaseholders are in arrears for their maintenance charge payments?
I bought a property in Marsden last 27/12/2024 and to date it is still not recorded with HMLR. It is part of a new estate and my solicitor told me that it can take one year to complete the registration formalities. I have contacted HMLR directly and they say that the initial application was cancelled due to questions not being addressed in time. Should I be concerned?
Call your property lawyer - if you are not getting sensible responses, find out about their firm’s complaints process and escalate your problem to a Complaints Manager. Registrations for Marsden conveyancing are not known to be significantly delayed.